Billionaire And Trump Supporter Robert Mercer, Resigns From RenTec, Slams Milo Yiannopoulos

In what may be the biggest news of the morning, Bloomberg and the NYT report that prominent conservative billionaire investor, Trump campaign supporter and patron of Steve Bannon, Robert Mercer, is stepping down as co-chief executive and board member of the world’s most profitable and secretive hedge fund, Renaissance Technologies, effective January 1, 2018. Mercer announced the upcoming departure in a letter sent to investors on Thursday morning.
According to Bloomberg, Peter Brown, 62, will continue as CEO. Mercer, 71, will also leave the board but remain at the company as a member of the technical staff focusing on research work. Mercer and Brown took the co-CEO posts in 2010 after founder and prominent democrat billionaire, James Simons retired.
Mercer, who owns a stake in Breitbart, and has traditionally been a secretive figure, has been dragged into the national spotlight, together with his firm, as a result of his personal political projects.

This post was published at Zero Hedge on Nov 2, 2017.